FRANKFURT/STOCKHOLM (Reuters) – The Federal Reserve confused financial markets over scaling back bond buying, two senior officials said on Thursday, with one arguing the central bank should explicitly link tapering to drops in the jobless rate to be more predictable in the future.
Fed Board Governor Jeremy Stein said he would have been comfortable with acting at the September 17-18 meeting, and the decision to keep buying bonds at an $85 billion monthly pace had been, for him, a “close call”.
STOCKHOLM, Sept 22 (Reuters) – Despite the rapid pace of
technology that has overhauled many consumer goods, the front
door lock and key is little changed since the 1800s. That is
about to change – to virtual keys in data clouds, if the world’s
biggest lockmaker gets its way.
Assa Abloy, which makes one in ten locks worldwide, is the
muscle behind brands such as Yale. But the lock technology it is
now developing means consumers will be able to open doors with a
tap of their mobile phones, visitors will be able to download a
key online and business owners will be able to lock and unlock
their premises remotely.
TALLINN (Reuters) – Estonia, hailed as a poster child of fiscal prudence, is open to aiding Greece with a third bailout and helping other troubled euro zone nations, its prime minister said on Thursday.
The small Baltic country, one of the euro zone’s poorest members, has been praised by analysts as a model of northern European austerity pitted against crisis-hit southern Europe.
TALLINN (Reuters) – Offering more long-term loans to banks is on the table as a tool for the European Central Bank to steer down market rates and help boost the euro zone economy, ECB Governing Council member Ardo Hansson said on Wednesday.
But in an interview with Reuters, Hansson, who heads Estonia’s central bank, said the ECB’s current policy mix was appropriate.
STOCKHOLM (Reuters) – From spats over halal meat in Danish schools to asylum seekers in Sweden, anger about immigration has fuelled the march of populist parties across Nordic countries, leading one such group to the brink of government in prosperous Norway.
The anti-tax and anti-immigration Progress Party, which once had among its members mass killer Anders Behring Breivik, won 16 percent of votes on Monday and could be kingmaker in a new center-right coalition after eight years of center-left rule.